Legal Slice

Baker & Hostetler Surpasses $1 Billion in Revenue ???? Baker & Hostetler has hit a major milestone, surpassing $1.05 billion in gross revenue for 2023—marking 31 consecutive years of growth. ?? ?? The firm has climbed the activism-related cases ranking, moving from 20th to 9th place in 2024, with $0.6 billion in engagements. ?? Expanding its footprint, Baker & Hostetler opened a new office in Austin, Texas, in July 2024. ?? The firm is also involved in Florida’s sports stadium development, alongside Faegre Drinker and Sidley Austin. Founded in 1916, Baker & Hostetler now has 1,000+ attorneys and a presence in 100+ countries. This growth reflects its strong market positioning and strategic expansion. What’s next for the firm? Share your thoughts below! ?? #LegalIndustry #LawFirms #BakerHostetler #Growth #MergersAndAcquisitions #LawNews #BusinessExpansion https://lnkd.in/dxPbYTfn Subscribe to Legal Slice if you want to stay up-to-date on the latest news and trends in the legal world: ?? https://lnkd.in/dZp_tvpt

?? Private Equity Sets Sights on the U.K. Legal Sector Private equity firms are turning their attention to the U.K. legal industry, following a trend seen in the accountancy sector. Law firms are now considering deals that could inject capital for growth while delivering significant payouts to partners. ?? Jonathan Boyers (Alvarez & Marsal): "Many firms are considering selling up." ?? Oliver Vaughan (Houlihan Lokey): "Legal services could be the next frontier for private equity investment." As PE firms look to reshape the sector, what could this mean for law firm structures, innovation, and client service? Will this lead to greater efficiency or raise concerns over commercial influence in legal practice? Join the discussion below. ?? #PrivateEquity #LegalIndustry #UKLaw #Investment #LawFirmManagement #Finance #MergersAndAcquisitions #BusinessOfLaw https://lnkd.in/dE9q6mai Subscribe to Legal Slice if you want to stay up-to-date on the latest news and trends in the legal world: ?? https://lnkd.in/dZp_tvpt

?? AI is Revolutionizing Legal Analytics Generative AI is reshaping the legal industry, from fee setting to case research, helping firms save time and costs. A 2023 Goldman Sachs report suggests that 44% of legal tasks can be automated, boosting efficiency and decision-making. ?? Enhanced Predictive Capabilities – AI helps anticipate case outcomes and manage risks ?? Advanced Legal Research – Processes unstructured data for deeper insights ?? Litigation Strategy Support – Analyzes past rulings to improve decision-making "Generative AI represents a significant leap forward," says Stephanie Corey, CEO of UpLevel Ops. While some firms remain cautious, the cost-saving potential is undeniable. ?? How do you see AI transforming legal work? Let’s discuss. ?? #LegalTech #AIinLaw #LegalInnovation #GenerativeAI #LawFirms #LegalAnalytics #ArtificialIntelligence https://lnkd.in/d9G_iq-9 Subscribe to Legal Slice if you want to stay up-to-date on the latest news and trends in the legal world: ?? https://lnkd.in/dZp_tvpt

?? KPMG Enters U.S. Legal Market – A Game Changer? ?? KPMG Law U.S. is making waves as the first Big Four-operated law firm in the U.S., challenging traditional legal service models. Tom Greenaway, the firm’s principal, emphasizes that KPMG aims to complement, not replace, existing legal providers—bringing standardization, quality, and scale to the market. While some question its impact on access to justice, KPMG maintains its commitment to innovation, outreach, and community investment. Could this reshape the future of legal services? #KPMG #LegalInnovation #BigFour #LawAndBusiness #FutureOfLegal Subscribe to Legal Slice if you want to stay up-to-date on the latest news and trends in the legal world: ?? https://lnkd.in/dZp_tvpt

London-headquartered law firm Herbert Smith Freehills (HSF) has been fined ￡465,000 ($600,000) for breaching U.K. financial sanctions linked to Russia's invasion of Ukraine. The firm’s Moscow office made payments totaling nearly ￡4m to Russian banks Sovcombank, Sberbank, and Alfa-Bank, violating sanctions. HSF received a 50% discount on the original ￡930,000 fine after voluntarily disclosing the breaches. A firm spokesperson explained that the payments were made due to human error during the winding down of their Moscow operations. Economic Secretary to the Treasury, Emma Reynolds, emphasized the U.K.'s strong commitment to enforcing financial sanctions to disrupt Russia's war machine and support Ukraine. #Sanctions #Ukraine #FinancialCompliance #HerbertSmithFreehills #SanctionsEnforcement #Russia #UK #FinancialRegulations #LegalNews Subscribe to Legal Slice if you want to stay up-to-date on the latest news and trends in the legal world: ?? https://lnkd.in/dZp_tvpt

?? Paul Weiss Dropped by Client After Trump Executive Order ?? Paul Weiss has revealed in a court filing that Stephen Schwartz, a former executive facing criminal bribery charges, has dismissed the firm as his legal counsel due to U.S. President Donald Trump’s recent executive order. ?? Trump’s order directs his administration to strip Paul Weiss employees of government security clearances and rescind government contracts involving the firm and its clients. ?? As a result, Paul Weiss has requested a federal judge in New Jersey to allow them to withdraw from the case. ?? Legal experts warn that this move threatens the independence of law firms. Writing for Bloomberg Law, David Zimmer and Edwina Clarke argue that major firms must unite and speak out against targeting lawyers for their work. ?? What are your thoughts? Does this set a dangerous precedent for legal independence? ?? #LegalIndustry #PaulWeiss #Trump #ExecutiveOrder #LawAndPolitics Subscribe to Legal Slice if you want to stay up-to-date on the latest news and trends in the legal world: ?? https://lnkd.in/dZp_tvpt

?? The Future of Law: AI & Human Skills Must Coexist ?? Despite the rise of AI in legal services, human traits like empathy and soft skills will remain critical for law firms over the next decade, according to the Simmons & Simmons ‘Law Firm of the Future’ survey. ?? Key insights from 500 legal leaders: ?? 78% believe soft skills will still be in high demand ?? 77% expect lawyers' roles to evolve, requiring tech & multidisciplinary expertise Julian Taylor, Senior Partner at Simmons & Simmons, noted: “Legal advisers from some of the world’s biggest companies expect the law firm of a decade from now to look dramatically different.” ?? As AI reshapes the industry, the challenge will be blending human expertise with technological innovation. ?? What skills do you think will be most valuable for future lawyers? Let’s discuss! ?? #LegalTech #FutureOfLaw #AIandLaw #SoftSkills #LegalIndustry #Innovation Subscribe to Legal Slice if you want to stay up-to-date on the latest news and trends in the legal world: ?? https://lnkd.in/dZp_tvpt

?? U.S. Businesses Move Away from Diversity References in Annual Reports Over 200 of America’s largest corporate groups have removed mentions of diversity, equity, and inclusion (DEI) from their annual reports, according to recent data analyzed by the Financial Times. This shift comes in the wake of President Trump’s executive order aimed at curtailing federal DEI programs. As noted by Joshua Robbins of Buchalter, this move could face legal challenges and underscores the need for companies to carefully document their compliance strategies. As DEI remains a contentious issue, businesses must navigate these changes with caution to ensure alignment with evolving regulations and expectations. #DEI #CorporateResponsibility #Compliance #DiversityInclusion #BusinessStrategy Subscribe to Legal Slice if you want to stay up-to-date on the latest news and trends in the legal world: ?? https://lnkd.in/dZp_tvpt

100m Americans exposed to tap water contaminated with PFAS Nearly 100m Americans are being exposed to tap water contaminated with chemicals linked to cancer and autism, according to USGS researchers. A quarter of the country relies on groundwater wells contaminated with PFAS, also known as forever chemicals. Major cities like New York, Miami, and Chicago have the highest levels of PFAS in their drinking water, while rural areas have lower levels. Researchers tested 1,200 public and domestic wells nationwide to generate a first-of-its-kind interactive map showing the worst-affected areas. A total of 72% of people relying on public wells nationwide, which supply nine in ten Americans, are thought to be drinking water contaminated with PFAS. New HHS Secretary Robert F. Kennedy Junior has vowed to remove cancer-causing PFAS and other "forever chemicals" from the public food and water supply. Subscribe to Legal Slice if you want to stay up-to-date on the latest news and trends in the legal world: ?? https://lnkd.in/dZp_tvpt

White House denies ignoring court order The White House has denied that it violated?a judge’s order to halt?the deportations of alleged Venezuelan gang members to El Salvador.?CNN?says that, if this did occur, "[it] would take legal showdowns over the administration’s claims of vast presidential power closer to the edge of a constitutional crisis."? The deportation operation followed a move by Judge James Boasberg to?block?President?Donald Trump's?use of the?Alien Enemies Act's?wartime powers to rapidly deport more than 200 alleged members of gangs linked to kidnapping, extortion and contract killings.?White House Press Secretary Karoline Leavitt on Sunday evening said: “The Administration did not ‘refuse to comply’ with a court order. The order, which had no lawful basis, was issued after terrorist . . . aliens had already been removed from U.S. territory,” adding, “A single judge in a single city cannot direct the movements of an aircraft carrier full of foreign alien terrorists who were physically expelled from U.S. soil.” Subscribe to Legal Slice if you want to stay up-to-date on the latest news and trends in the legal world: ?? https://lnkd.in/dZp_tvpt